The Casper FFG Ethereum Improvement Proposal (EIP) has been published. (Hybrid Proof of Stake (PoS)/ Proof of Work (PoW)

The Casper FFG Ethereum Improvement Proposal (EIP) has been published, outlining specifications for implementing the hybrid Proof of Stake (PoS)/ Proof of Work (PoW) consensus model on the Ethereum blockchain before the full transition to PoS.

The important details:

Under the hybrid system, the block reward will fall to 0.6 ETH. The current block reward is over 3 ETH.

Stakers will have their funds locked up for about 4 months before they can withdraw.

Interest rate for stakers will be about 5% with 10m ETH staked.

Minimum deposit size for stakers will be 1500 ETH, worth about $975,000 at today’s prices.

It remains unclear as to when exactly the hybrid model will be introduced.